Good morning, welcome to the Reed's Inc. 2026 Annual Meeting of Stockholders. At this time, I'd like to turn the meeting over to Neal Cohane. Please go ahead.
Good morning. My name is Neal Cohane, I'm the Interim Chief Executive Officer and Director at Reed's Inc. I'm happy to welcome you to the Reed's Inc. 2026 Annual Stockholder Meeting. The meeting will now officially come to order. The time is now 9:00 A.M. Eastern Time, the polls are now open for voting on all matters to be presented. As you know, we are hosting today's meeting through a virtual online platform hosted by Broadridge. Before we proceed with the formal business of the meeting, I'd like to note that in attendance today are members of the board of directors, members of management, and representatives from Weinberg & Company, P.A., the company's independent public accounting firm. We will proceed with the formal business of the meeting in the order set forth in the notice of annual meeting and proxy statement.
We will first present the five proposals submitted for approval by our board. We will take questions related to the proposals or any questions for the auditors after all the proposals have been presented, after which we will announce the preliminary results of the voting. As I mentioned earlier, the polls are open for voting on all matters to be presented. Each share of common stock is entitled to one vote. After I describe each item to be voted on, we will close the polls. We will not accept ballots, proxies, revocations, or changes after the closing of the polls. If you have already submitted your vote by proxy and do not wish to change your vote, you do not need to vote now and your shares will be voted as previously instructed.
If you intend to vote and have not already done so, you must submit your vote online now in order for it to be counted. If you have not voted, I encourage you to vote online now. The rules of conduct for this meeting are posted on the virtual meeting site. In order to conduct an orderly meeting, we ask that you follow these rules. Stockholders who are attending this meeting with a valid 16-digit control number may submit questions or comments for the Q&A portion of this meeting through the designated field on the web portal. We will try to answer questions submitted that are germane to the proposals and/or this meeting as and if we have time. Mr. McCurdy will screen incoming questions, during the Q&A portion of the meeting, will read germane questions out loud before a representative from either the company or Weinberg responds.
Please submit your questions now to make sure they are received in a timely fashion for our review and response. Please note that our discussions today may include forward-looking statements and our actual results may differ materially from those discussed here. Additional information concerning factors that could cause such a difference can be found in our most recently filed annual report on Form 10-K, as may be updated by subsequent quarterly reports on Form 10-Q. Doug McCurdy will act as secretary of this meeting. Will the secretary please report at this time with respect to the mailing of the notice of the meeting?
Thank you, Neal. I have an affidavit certifying that notice of this annual meeting of stockholders of the company was duly given to all stockholders of record at the close of business on April 17th, 2026. A copy of the notice and affidavit will be filed with the records of the meeting.
Thanks, Doug. Doug McCurdy has been appointed to act as Inspector of Election at this meeting. Doug has taken and subscribed the customary oath of office to execute his duties with strict impartiality. We will file this oath with the records of the meeting. Will the secretary please report at this time with respect to the existence of a quorum? Excuse me.
As Inspector of Election, I report that a majority of the outstanding shares entitled to vote are present at this meeting by virtual attendance or represented by proxy. This constitutes a quorum for the meeting today, and we may now carry out the official business of the meeting.
Okay. We will now proceed with the formal business of the meeting. After all the proposals have been described, we will answer any questions related to the proposals submitted online. As a reminder, we ask that any comments or questions pertain only to these proposals. Please submit any questions as soon as possible for our review. There are five proposals to be considered by the stockholders at this meeting. The first item of business is the election of five directors to serve until the next annual meeting and until their successors are elected. The nominees for director are Shufen Deng, Neal M. Cohane, Michael C. Tu, Sam Van, and Rudolf J. M. Bakker.
The second item of business today is the ratification of the appointment by the audit committee of the board of directors of Weinberg & Company, P.A., as the independent registered public accounting firm of the company for the fiscal year ending December 31, 2026. The third item of business today is the approval of the company's 2026 equity incentive plan as described in the proxy statement relating to this meeting. The fourth item of the business today is the advisory vote on the compensation of the company's named executive officers as described in the proxy statement. The fifth item of business today relates to the stockholders' preferred frequency of advisory votes on executive compensation. The stockholders are asked to vote on an advisory basis on their preferred frequency of either one, two, or three years. That was the final proposal for today's meeting.
We will now review if there are any questions submitted about the proposals or addressed to the auditors. As a reminder, we will only review and answer questions that pertain to the proposals. Doug, are there any questions?
There are no questions.
There are no further questions. The time is now 9:07 A.M. Eastern Time. The polls are now closed for voting. May I have the results of the voting?
The report of the Inspector of Election covering the proposals presented at this meeting is as follows. Shufen Deng, Neal M. Cohane, Michael C. Tu, Sam Van, and Rudolf J.M. Bakker have been elected as directors of the company. The appointment of Weinberg & Company, P.A. as the company's independent registered public accounting firm for the fiscal year ending December 31, 2026 is ratified. The company's 2026 equity incentive plan is approved. The resolution concerning the advisory vote on the compensation of the company's named executive officers is approved. The resolution concerning the advisory vote on the preferred frequency of advisory stockholder votes on executive compensation of the company's named executive officers is approved, with the frequency of every three years.
Thanks, Doug. We expect to report our preliminary voting results, or if available to us on a timely basis, our final voting results on a current report on a Form 8-K to be filed with the SEC within four business days after the end of this meeting. If not earlier reported, we expect to report our final voting results in an amendment to our Form 8-K within four business days after the final results are known to us. This concludes today's meeting. We thank you for your attendance at today's meeting and for your continued support of Reed's Inc. Thank you.
The meeting has now officially concluded. Again, thank you for attending today's meeting. You may now disconnect your line.